My question is about damage liability.
There are 3 apartments in a block. Each apartment has an equal share in the management company. The company Director owns one of the flats.
The Management Company is responsible for Buildings insurance. The lease is specific about the minimum insurance cover that must be maintained and this includes water and storm damage.
For the current year ending in November the insurance policy specifically excluded water and storm damage. Also the proposal form identified my apartment as being residential. In fact it is joint residential and holiday let and has been since I purchased it in 2006.
Although I have brought these two circumstances to the Director’s attention he has not
corrected the situation. The insurance is due for renewal shortly.
Q1 – What remedy do I have to ensure the correct insurance is maintained?
Q2 - If the insurance company declines a claim, what course of action might I have against the Director individually?
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